how many wework offices are there

Key Takeaways

• WeWork provides flexible workspace solutions, including traditional offices, shared workspaces, office suites with private amenities.
• WeWork's workspaces are used by businesses and organizations, from freelancers and small startups to Fortune 500 companies.
• WeWork operates in more than 700 locations globally in 150 cities and 38 countries.

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Full Answer

How many WeWork locations are there in NYC?

WeWork stats tell the story of the company launching in NYC in 2010. It wasn’t long before WeWork became active in a number of states across the U.S. Now, there are over 50 WeWork locations in New York and the company leases over 5 million square feet of space in the city.

How many employees does WeWork have in 2020?

In 2020, WeWork had laid off a total of 2650 employees. WeWork cut its spending to $482 million in 2020. WeWork plans to open 60 new locations in 2021. The company was still going strong in 2020 with revenue of over $3.81 billion.

How many WeWork offices are there in Australia?

Talking about Australia, it can also brag of having 15 WeWork offices around the country. They are located in Brisbane, Melbourne, and Sydney. First WeWork landed in 2016 in Sydney, Martin Place, occupying three floors of the old Money Box building.

How much is WeWork All Access per month?

The monthly subscription price for a WeWork All Access Membership in the United States or Canada is $299 USD. What credits are included in the WeWork All Access one month promotion?

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How many Weworks are in the US?

How many WeWork locations are there in the United States in 2022? There are 266 WeWork locations in the United States as of June 22, 2022. The state with the most number of WeWork locations in the US is New York, with 83 locations, which is 31% of all WeWork locations in America.

Is WeWork still in business 2022?

Through this enhanced WeWork Workplace product, expected to launch commercially in July 2022, companies will be able to offer their employees the ability to seamlessly book a desk, private office or conference room across their real estate portfolio – whether at a WeWork location or company-leased or owned space.

How much is WeWork worth 2022?

WeWork updated second quarter 2022 revenue guidance to $800 - 825 million, tightening the previous range of $775 - 825 million, and announced second quarter Adjusted EBITDA guidance of negative $125 to negative $175 million.

What are WeWork offices?

WeWork LocationsWeWork's pay-as-you go solution to book workspace for the day and meeting rooms by the hour across more than 320 locations globally.Enjoy month-to-month access to our global network of over 500 workspaces as well as meeting rooms and bookable private offices.More items...

How many WeWork locations are still open?

WeWorkTypePublic companyNumber of locations756 locations in 38 countries (2022)Area servedWorldwideKey peopleSandeep Mathrani (Executive Chairman and CEO) Benjamin Dunham (CFO)ServicesCoworking15 more rows

How many WeWork locations are left?

WeWork Locations Whether you need a custom headquarters in New York, a swing space in London, or citywide office access in Tokyo, WeWork's global footprint of over 700 locations provides workspace options for all the ways you work.

Does WeWork make a profit?

On Friday, WeWork said it expects revenue between $900 million and $1 billion in the third and fourth quarter of 2022, which is the range it expects to become profitable on an adjusted EBITDA basis.

Who are Weworks competitors?

WeWork's top competitors include Membership Collective Group, Regus, IWG, LiquidSpace, CBRE Group and OpenDoor.io. WeWork (also known as The We Company) is a provider of shared workspaces for technology startup subculture communities.

Is WeWork currently profitable?

A WeWork office in New York. “While WE's storied past is well known, less appreciated is that WE is on the path to achieve profitability by late 2023/early 2024, which could accelerate given its flexible work station business model fits in the post-COVID world,” he wrote in a research note.

What is the WeWork scandal?

Neumann is forced to step down as CEO and the company puts his private jet up for sale. Reports come out that state phonebooths in select WeWork offices are ridden with cancer-causing formaldehyde. After these reports, the company is forced to look into financial lifelines as they face bankruptcy.

What went wrong with WeWork?

What caused the WeWork disaster? Rapid expansion on the back of an unsustainable business model, Neumann's questionable dealings and erratic behaviour have been cited as reasons behind WeWork's fall.

How much is WeWork worth now?

By the time WeWork went public in 2021, the company was valued at $9 billion, a huge drop from the original figure.

Is WeWork still in business?

WeWork restructured its board and eventually merged with BowX Acquisition Corp. in early 2021.

What has happened to WeWork?

Investment documents show that in 2017, WeWork had lost $883 million, despite having a revenue of $886 million. The Financial Times revealed that in 2018 the company lost $1.9 billion on $1.8 billion of revenue.

Is WeWork still losing money?

WeWork's revenue increased in the fourth quarter of 2021, but it's still losing millions of dollars, according to the company's fourth-quarter earnings call on Friday.

Is WeWork profitable now?

A WeWork office in New York. “While WE's storied past is well known, less appreciated is that WE is on the path to achieve profitability by late 2023/early 2024, which could accelerate given its flexible work station business model fits in the post-COVID world,” he wrote in a research note.

What companies does WeWork own?

WeWork has acquired and invested in a diverse and at times "unusual" assortment of companies. According to Pitchbook, WeWork acquired a total of twenty companies between 2015 and 2019. These included: 1 CASE, a real estate and construction technology company, was WeWork's first acquisition in 2015. 2 Flatiron School, a coding school offering classes online and at a location in Manhattan, in October 2017. 3 Meetup in November 2017 4 Conductor in March 2018. Conductor executives later bought back the company from WeWork in December 2019. 5 Designation, a for-profit design school, in August 2018 6 Teem, an office management software company, in September 2018 7 MissionU, a self-styled college alternative, in an all-stock deal worth $4 million. MissionU was wound-down shortly afterwards and students were not charged tuition. As part of the deal, cash was returned from MissionU to its investors. It was reported that the acquisition was an "acqui-hire" as MissionU's CEO went on to become COO of WeWork's kindergarten program, WeGrow. 8 Managed by Q, a platform that office tenants can use to hire service providers (e.g. cleaning crews, receptionists, IT support staff, etc.). 9 Spacious, a company that leases unused space from restaurants during daytime hours and then rents this space to mobile workers. The price of the acquisition was not disclosed, but Spacious had raised about $9 million in private equity funding.

Who owns WeWork?

In January 2019, the company changed the legal name of WeWork to We Company and, according to the August 2019 Form S-1 filing, the firm paid $5.9 million to license the name from an entity called We Holdings owned by Adam Neumann and other WeWork founders. In early September 2019, Neumann returned the $5.9 million to the We Company for the use of the trademark and the company will hold all of the trademark rights for the "We" family trademarks.

Why did SoftBank withdraw from WeWork?

SoftBank cited failure by WeWork to obtain certain regulatory approvals, new criminal and civil investigations, and government actions due to the COVID-19 pandemic as reasons for withdrawing the offer. In turn, WeWork's special committee of the board of directors sued SoftBank over the withdrawal of the shares purchase.

What happened to WeWork in 2019?

In September 2019, following mounting pressure from investors based on disclosures WeWork had made in its S-1 filing for the IPO, company co-founder Adam Neumann resigned from his position as CEO and gave up majority voting control in WeWork. Amid growing investor concerns over its corporate governance, valuation, and outlook for the business, WeWork formally withdrew its S-1 filing and announced the postponing of its IPO. At that time, the reported public valuation of the company was around $10 billion, a reduction from the $47 billion valuation it achieved in January and less than the $12.8 billion it had raised since 2010.

How much will WeWork lose in 2021?

In May 2021, the company announced a loss of over $2 billion in the first quarter of 2021. The announcement was made as WeWork prepared for its stock market debut.

Why did Ayesha Whyte sue WeWork?

In February 2020, Ayesha Whyte, former director of employee relations, sued WeWork for gender and race discrimination, "saying she was promised a well-paying job that never materialized, all while less-qualified white people were promoted."

When will WeWork move to Tampa Heights?

In late January 2019, WeWork announced that it would move into two floors of a building in Tampa Heights in 2020 as part of its expansion into Tampa.

What are some interesting facts about WeWork?

Fascinating WeWork Stats and Facts 1 About 2.2 million people were working in coworking spaces in 2020. 2 In 2020, WeWork had laid off a total of 2650 employees. 3 WeWork cut its spending to $482 million in 2020. 4 WeWork plans to open 60 new locations in 2021. 5 The company was still going strong in 2020 with revenue of over $3.81 billion. 6 WeWork spent about $20 million renovating offices in 2020. 7 The organization plans to invest $100 million in WeWork India in 2021.

How many members does WeWork have?

The latest We company facts and stats put their membership numbers at an estimated 609,000 , a stark contrast from their 450 members in 2010.

What is WeWork marketing?

The WeWork marketing strategy combines traditional and digital advertising to promote its locations, services, and tools, such as the WeWork mobile app. Aside from content marketing, WeWork uses SEO, large format printing, social media, and window treatments to engage prospective members.

How many WeWork locations will be open in 2021?

WeWork plans to open 60 new locations in 2021. The company was still going strong in 2020 with revenue of over $3.81 billion. WeWork spent about $20 million renovating offices in 2020. The organization plans to invest $100 million in WeWork India in 2021.

When did WeWork start?

Wanted to learn everything you could about The We Company? These WeWork statistics give you the lowdown on this innovative company. Started in 2010, WeWork has taken the coworking industry by storm.

How many people are working in coworking spaces in 2020?

About 2.2 million people were working in coworking spaces in 2020.

What companies use WeWork?

As well as providing startup workspace to entrepreneurs and SMEs, WeWork caters to major corporations too. Amazon, Airbnb, Microsoft, and IBM all have staff operating from WeWork buildings. While some share space with other members, others lease entire WeWork buildings for their teams.

Who are the competitors of WeWork?

Competitors of WeWork include IWG, LiquidSpace and CBRE Group.

Who is the founder of WeWork?

Shares of coworking company WeWork jumped on their first day of trading, making founder Adam Neumann a billionaire once more.

What is a we work?

WeWork (also known as The We Company) is a provider of shared workspaces for technology startup subculture communities, and services for entrepreneurs, freelancers, startups, small businesses, and large enterprises. The company offers office space with facilities and services like high-speed internet, printers, free refreshments, and private phone booths, enabling startups, entrepreneurs and small businesses to collaborate and share experiences.

What amenities does WeWork have?

Employees and members enjoy shared amenities including a library, café, and sunlit atrium The post WeWork’s new India HQ blends office design with local culture appeared first on Ideas.

What is one co work?

One Co.Work provides work spaces and creates suitable work environments.

How to reserve an office on WeWork?

Simply open up the WeWork app on your phone, and tap on the “Offices” tile at the top of your home tab to browse offices. Once you find one that you like, hit “Reserve office” to complete your reservation!

How to reach out to WeWork customer support?

Reach out to Customer Support via the member app or at https://members.wework.com/support.

What is a private office reservation?

Your private office reservation grants you access to that office for that location’s operating hours for that day. Specific hours vary by location, but are shown when booking and reiterated in your confirmation email.

How many credits per seat in a private office?

Private offices can be reserved at a rate of 2 credits per seat, per day.

Can you leave items in your office?

You are welcome to leave your items in your office during your booking, though we recommend taking valuable items with you.

Is WeWork responsible for lost items?

Note: WeWork is not responsible for damaged, lost, or stolen items store d or left in the room .

How many locations does WeWork have?

With over 800 locations worldwide, WeWork offers you workspace where and how you need it, whether your goal is to be closer to home, empower your team in different cities, or have a go-to private space where you can actually focus.

Why WeWork?

Find productive workspace for your needs, whether it's a single desk, a meeting room, or a private office.

Why are we providing our locations with new materials and equipment?

We’re providing our locations with new materials and equipment so our community can keep spaces healthy and clean.

Where is WeWork located?

WeWork is also present in Europe’s most popular nomadic and tech cities and is currently open in France, Germany, Ireland, Netherlands, Poland, Spain, Sweden and United Kingdom with 85 offices, making around 18 % of all WeWork locations. In the nearest future, WeWork community will be welcome in more European cities, starting with Belgium, Czech Republic, and Italy.

What to expect from WeWork in 2019?

WeWork is excited for 2019 and is looking forward to opening even more co-working places in the North America, South America, Europe and Asia. Also, by the end of the upcoming year, they are hoping to double the number of WeWork members across the globe. Besides expansion of its main project, this startup is testing different fields. Just a year ago, WeWork presented a co-living project WeLive. The idea behind is to rent out all inclusive shared flats with several services like internet connection or cleaning. The main target is the members of WeWork community. WeLive offers both long and short term rent and challenges traditional living. Taking all that in mind, in 2019, WeWork team is to work even harder focusing on the main project and trying to further develop the newer ones. Want to be part of this inspiring community? Wait no longer and check WeWork now!

Who started WeWork?

WeWork was launched in New York back in 2010 by two ambitious men, Miguel McKelvey and Adam Neumann, who wanted to build more than a pretty, shared office. They wanted to build a global community where a great individuality contributes to even greater communality. However, the actual beginning of this idea was way earlier. Both of the men did a “try out” of a building they both worked at to check if their idea could be successful. As the building still had some open places for co-workers, they convinced their landlord to rent it out to other entrepreneurs. Finally, after some discussions, in 2008 a brand new startup took the stage and was presented to the public under Green Desk’s name. Back then, no one could have ever guessed that the company which main focus was workspaces with recycled furniture and wind power electricity will eventually become WeWork- a startup uniting 250 000 members across the continents.

Is StartupBlink working with WeWork?

StartupBlink has been collaborating with WeWork and offers a great opportunity to get up to 15 % off of any location around the globe using this link of WeWork.

How to book a workspace on WeWork?

To book a workspace, open the WeWork app (available for iOS or Android) or visit members.wework.com. Choose the location that works best for you. We have space worldwide convenient to wherever you are. Once you book a workspace via the app, your keycard will automatically be activated to give you access to your chosen workspace location on the day of your booking. Note that workspace bookings are required for each visit. As a reminder, for your first booking, make sure to book any non-holiday weekday, between 9am-5pm, to pick up your keycard and receive a warm welcome from our community team.

What is WeWork All Access?

WeWork All Access provides more flexibility by allowing you to book a desk in a shared workspace at hundreds of locations worldwide, while WeWork’s Dedicated Space products offer private desks or office spaces at the same location with a monthly or annual membership. With WeWork All Access, members get one workspace booking per day and five (5) monthly credits to apply toward meeting room and private office bookings in select locations. The WeWork All Access membership also comes with a monthly printing allotment, wifi, refreshments during business hours, and other business essentials.

How many credits are in WeWork All Access?

Five (5) credits are included with each WeWork All Access membership. Credits refresh on the first of every month; five per month will be allocated per membership. If you need more than the allotted five credits a month, you can simply use as many as you need and the overages will be charged with your invoice at the beginning of the next month.

How to cancel WeWork membership?

To opt out of the automatic renewal and end your membership, you can do so in the WeWork app or website by clicking “Account”, then “Support”, then “Membership”, and submit a request to cancel. You must provide us with at least five (5) days notice prior to the last day of a calendar month. Such termination will be effective on the last day of such calendar month. You can also contact us at help@wework.com. You may also cancel as otherwise stipulated in accordance with the terms you accepted upon signing up.

How many WeWork memberships per company?

Limit one (1) membership per individual and ten (10) memberships per company.

When is keycard activation?

Keycard access will be activated once workspace is reserved at least 1 hour prior to arrival. You have access to designated seating in the common area that has ample seating, work surfaces, and access to power. Seats are subject to availability.

How to register a guest on WeWork?

You can register a guest after reserving a meeting room. You can register guests from the WeWork app, by selecting “Space,” then “Guests” to input their information. You can also do this on the member portal under “Register Guests.” They will be able to check-in once they get to the building and you will be notified when they arrive so you can greet your guest.

What is WeWork membership?

What’s so appealing about WeWork is that the coworking giant provides an office space solution where a member can commit to a lease term as short as one-month, write one check, and have access to a private space that is already furnished and wired for IT. Your monthly membership also includes electricity, cleaning, real estate taxes, and all the beer you can drink if the taps aren’t tapped (which they always are).

How much does WeWork save you?

WeWork will save you $38,000 in upfront costs, but by amortizing those costs in a traditional office space, you will still be paying less than if you were at WeWork. By becoming a member at WeWork, you’ll have the option to move to any space in any WeWork facility, bigger or smaller, at no additional costs. WeWork will make you think you will only ...

Is WeWork a landlord?

The truth is, WeWork operates identically to landlords in New York City. In a traditional office space, most landlords will accommodate companies and move them into different office spaces having similar finishes within the portfolio at little to no cost, just like WeWork does.

Is WeWork a good office?

Like renting a hotel room, WeWork is an excellent office space solution for a small team. But when you are a large growing company looking to increase revenue and productivity, staying in WeWork will only increase your operational costs while also stuffing your team into a small glass box trying to get free beer out of a tap that doesn’t even work.

Overview

History

In May 2008, Israeli-born Adam Neumann and United States-born Miguel McKelvey established GreenDesk, an "eco-friendly coworking space" in Brooklyn. In 2010, Neumann and McKelvey sold the business and founded WeWork, renting its first location in SoHo, Manhattan, which opened in April 2011. Manhattan real estate developer Joel Schreiber purchased a 33% interest in the company for $15 million.

Legal issues

Notable locations

Further viewing

Further reading

External links